Hedge funds that doubled down on bearish gold wagers are facing a gut check.
Asia Mining News
If this trend continues, then it’s going to be a dampener.
The move comes two weeks after India's top court said ArcelorMittal's bid for Essar Steel would become valid only if the acquirer cleared outstanding debt of Uttam Galva Steels and KSS Petron.
State-owned miner Inalum said the $3.85 billion deal is still subject to the issue of environmental recommendations and a special mining permit (IUPK) by the Indonesian government.
The copper market is currently experiencing a squeeze on physical metal which is unexpected.
The oil price is rising due to the upcoming restrictions on the sale of Iranian oil - the second of a two-part set of sanctions imposed on the Middle Eastern power following the Trump Administration’s decision in May to withdraw from the Joint Comprehensive Plan of Action (JCPA).
Steel demand expected to rise by 3.9% in 2018, but trade tensions are clouding global economic outlook.
CEO Fabio Schvartsman said the company would only invest further in nickel if global prices for the metal rise from $13,000 per tonne currently to around $20,000 per tonne.
First production from the $5.3 billion underground expansion of Oyu Tolgoi was originally scheduled for early 2020.
The goal is to reduce reliance on batteries from Asia, particularly China and South Korea.
Indonesia said industry association APRALEX had applied for safeguard measures, which can be used to protect a country's producers.
In the Indian market, gold futures this week touched their highest since July 2016 at 32,014 rupees per 10 grams.
Deputy Minister Fuziah Salleh, a long-standing critic of Lynas’ plant, offered to step down from the committee reviewing the facility following criticism that she would not be impartial.
Atalaya Mining produced 166,000 tonnes of copper concentrate in 2017 and has a market capitalization of 327 million pounds ($433 million).
Steel mills in India are increasingly tapping the global market for iron ore as they find it difficult to transport the key raw material from local mines
The global coal mining market is growing, with a CAGR of close to 2% from 2018-2022.
Richard Adkerson says any strategic move is now possible, including acquisitions, partnerships, or even a sale of the entire company.
The IPCC report highlights that coal now has its back very much against the wall, but equally that the real power for change lies in Beijing.
Since shutting down of all gold mining and exploration activities in 2016, the country has been losing both tax revenue and investors, a new report shows.
Shares in Australian rare earths miner Lynas Corp jumped 12 percent on Friday after Malaysia's prime minister downplayed the roles of two Lynas critics.
Higher domestic prices dented demand for physical gold in India, prompting dealers to offer the biggest discounts in 3-1/2 months this week.
The agreed price serves as an industry benchmark for supplies of seaborne thermal coal in Asia.
Despite Indonesia being blessed with an abundance of natural resources, there has been limited foreign investment into greenfield projects within the nation. So plentiful are Indonesia’s resources, global mining companies regularly rank Indonesia highly in terms of coal and mineral prospectivity. However, one of the major roadblocks to greenfield projects in Indonesia, is accessibility.
Eurasian Resources Group sets out vision for responsible cobalt supply at two major sustainability conferences in New York
Eurasian Resources Group participated reiterated its commitment to the Global Battery Alliance, a World Economic Forum initiative to showcase how the Group will ensure a responsible cobalt supply chain for the future.
Gold imports could rise 9% in Q4 to 250 tonnes.